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This Article is From Aug 02, 2024

Phoenix Mills Q1 Results Review - Healthy Performance Fueled By The Ramp-Up Of New Assets: Motilal Oswal

Phoenix Mills Q1 Results Review - Healthy Performance Fueled By The Ramp-Up Of New Assets: Motilal Oswal
(Source: The Phoenix Mills website)

NDTV Profit's special research section collates quality and in-depth equity and economy research reports from across India's top brokerages, asset managers and research agencies. These reports offer NDTV Profit's subscribers an opportunity to expand their understanding of companies, sectors and the economy.

Motilal Oswal Report

Phoenix Mills Ltd. posted Q1 FY25 revenue of Rs 9 billion, up 12% YoY (in line). Ebitda stood at Rs 5.3 billion, up 8% YoY (in line) as margin contracted 200bp YoY. Profit after tax was flat YoY at Rs 2.4 billion (7% above estimate.), with a margin of ~26%.

Phoenix Mills generated an operating cash flow (post-interest) of Rs 4.3 billion (down 5% YoY) and incurred Rs 6.5 billion on capex. It also received Rs 2.7 billion from joint venture partners, and hence, the consolidated net debt declined Rs 1 billion sequentially to Rs 20 billion.

Click on the attachment to read the full report:

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